General News
24 January, 2023
Co-op bunkers down harvest
A $700,000 investment has quickly been converted to storing this season’s harvest at Boort Grain Co-op. The local agribusiness purchased an additional 20 hectares ajoining its base during harvest. Co-op chairman Neil Beattie said the land purchase...
A $700,000 investment has quickly been converted to storing this season’s harvest at Boort Grain Co-op.
The local agribusiness purchased an additional 20 hectares ajoining its base during harvest.
Co-op chairman Neil Beattie said the land purchase and civil works had come in close to $700,000.
Manager Jon Bucknall said co-op receivals to the end of last week had been 185,000 tonnes, up 15,000 tonnes on the same time last season.
Barley has again been the major grain delivered with 85,000 tonnes received across the four quality grades.
Mr Bucknall said 45,000 tonnes of wheat had been delivered, mainly ASW, GP1 and SFW1 grades.
“We have received about 43,000 tonnes of canola, both non-GM and GM, plus about 8000 tonnes of oats and 4000 tonnes of faba beans,” he said.
“It’s all being stored in bunkers ... we have 35 with a lot of smaller smaller segregations.
“I would anticipate the bulk of harvest to be complete by end of month, however it is likely there will still be receivals into February.”
Mr Bucknall said the consensus was that barley and canola yields were good but wheat in many areas had been disappointing.
“Feed wheat prices have been holding up well, however we are just starting to see some fresh selling interest which may see some short-term downward pressure on prices. There is a lot of grain warehoused, not just locally.”
Meanwhile, Graincorp said 231,490 tonnes were received at its Victorian sites last week with a total of 3,814,780 tonnes so far.
Southern Stockfeeds is also receiving steady deliveries at its Bridgewater silos.
Grain cash bids at Boort last Friday were - Wheat APW1 $352, ASW1 $352, AGP1 $349, SFW1 $349. Barley BAR1 $290, BAR2 $275. Canola non-GM $710, GM $690.
Faba beans were at $330.